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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$326,295$326,295$886,500
Remaining term (yrs)8.88.830.0
Secondary amount$0$560,205$0
Funding fee$1,631$1,631$0
Note rate2.52%2.52%7.18%
Blended rate2.52%5.825%7.42%
1st payment$3,408.10$3,408.10$6,005.46
2nd payment$0.00$3,617.99$0.00
Taxes / mo$270.33$270.33$270.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.30
HOA / mo$110.00$110.00$110.00
Total monthly$4,005.10$7,623.09$6,779.76
Cash to close$658,705$98,500$98,500